Treatement of stcg on shares on which stt paid
This query is : Resolved
29 May 2014
i have sold some shares which i have bought 15 days back and gained some amount.
what is the treatement for the same
the other thing i have done is sold shares which i have bought in 2008 with stt and incurred loss
what is the treatement of both the transaction
alongwith what if my annual income is below basic exemption limit
01 June 2014
for the short term capital gains, they shall be taxable at 20% under 111A. for shares bought in 2008 and sold now, you need to ignore the losses as they cannot be set off against any income.
since your overall income is below basic exempted limit, there wont be any tax liability.
since your overall income is below basic exempted limit, there wont be any tax liability.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Invoice V/S Goods receipt Note Date
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding appeal to GSTAT
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
